Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume

Shares of Natural Resource Partners L.P. (NYSE:NRP) saw unusually-strong trading volume on Monday . Approximately 20,030 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 25,993 shares.The stock last traded at $90.01 and had previously closed at $90.51.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 8th.

Natural Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.87 and a beta of 0.47. The business has a fifty day moving average of $90.34 and a two-hundred day moving average of $86.67.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Thursday, March 7th. The energy company reported $4.31 earnings per share for the quarter. The business had revenue of $93.16 million for the quarter. Natural Resource Partners had a return on equity of 44.05% and a net margin of 59.68%.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Monday, May 20th. Natural Resource Partners’s payout ratio is presently 22.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NRP. Ruedi Wealth Management Inc. acquired a new position in Natural Resource Partners in the 1st quarter valued at $51,000. Raymond James & Associates acquired a new position in Natural Resource Partners in the 3rd quarter valued at $221,000. Guyasuta Investment Advisors Inc. acquired a new position in Natural Resource Partners in the 4th quarter valued at $278,000. Jump Financial LLC acquired a new position in Natural Resource Partners in the 3rd quarter valued at $252,000. Finally, Commonwealth Equity Services LLC acquired a new position in Natural Resource Partners in the 3rd quarter valued at $258,000. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.